RE: OTS Deal Will be Huge9 Jul 2025 11:14
Mercantile Ports & Logistics (MPL) is making strong progress toward financial stability. Following global disruptions, it submitted a revised One Time Settlement (OTS) to its lenders. The lead bank has approved it, and full approval is expected any day, as noted in the most recent RNS.
To safeguard operations, MPL has secured a Β£15 million unsecured credit line, ensuring liquidity even in downside scenarios. With new contracts ramping up, revenue is set to grow meaningfully from 2025.
Combined with resilience planning at Karanja Port, MPL is well-positioned for long-term growth. The board remains confident in its going concern status and future outlook.